Morning Minute: Tether Finally Gets An Audit
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Tether completes first full financial audit, receives clean KPMG opinion
KPMG’s audit covered Tether’s 2025 financial statements and found its reserves exceeded liabilities by $6.8 billion.
Tether's USDT0 interoperability protocol network has surpassed $100 billion in cross-chain transfers.
Odaily Odaily reports that Tether's asset interoperability protocol USDT0 has announced that its cross-chain transfer volume has surpassed $100 billion. This milestone means that USDT0 has become the fastest project in history to reach $100 billion in cross-chain stablecoin transfers in 525 days. Data shows that approximately 6.5 million active wallets currently use USDT0 as their settlement infrastructure, covering various participants including exchanges, hedge funds, and ordinary users. The network's cumulative token turnover rate has reached approximately 27 times. USDT0 stated that with the increasing demand for AI Agent trading and institutional cross-chain settlement, the need for a "24/7, low-friction, unified settlement system" is rapidly rising.
Tether Claims 'Largest Inaugural Financial Audit' as KPMG Signs Off on 2025 Statements
Tether said KPMG gave its 2025 financial statements a clean opinion, a milestone for the company after years of questions about the reserves backing USDT.
ANSEM's market capitalization briefly surpassed $100 million in the early hours of the morning, representing a 693.7% increase in 24 hours.
According to Foresight News , GMGN data shows that ANSEM's market capitalization once exceeded $100 million in the early morning, but has now fallen back to $91.21 million, a 24-hour increase of 693.7%.
Morning Minute: The SEC Plans Rules for Tokenized Stocks
The new framework could be announced as soon as Friday, in what could be the biggest development for crypto this year.
SpaceX was officially included in the Nasdaq 100 index this week; historical warnings point to post-inclusion volatility. TeraWulf's Q1 HPC leasing revenue surpassed mining's high-margin annualized revenue of $630 million for the first time.
According to ChainCatcher and BBX data, the world's largest IPO completed its index inclusion milestone yesterday, marking a historic turning point in the valuation logic of mining companies' AI transformation. Key developments are as follows: SpaceX, Inc. (NASDAQ: $SPCX) was officially included in the Nasdaq 100 index this week, becoming the first company in history to have its largest single IPO ($75 billion) included in the Nasdaq 100. CoinDesk also issued a historic warning: "The previous two largest additions to the index—Palantir ($PLTR) in December 2024 and Strategy ($MSTR) in early 2025—both experienced a period of decline after inclusion, rather than initiating a new round of growth." Analysts pointed out that passive funds tracking the Nasdaq 100 completed a "forced buy" at the time of inclusion, and without new fundamental catalysts, the stock price often corrects after the technical buying subsides. SpaceX currently faces specific risks including: a net loss of approximately $4.27 billion in Q1 2026 (primarily due to xAI integration expenses), a $2 billion bond issuance plan, and a 3.4% equity dilution from the $60 billion acquisition of Cursor/Anysphere; Morningstar maintains its fair value estimate of $62 per share, implying a downside of approximately 70% from the current market price. For the market holding SpaceX Bitcoin (18,712 coins, approximately $1.2 billion, custodied in Coinbase Prime), Nasdaq 100 inclusion will trigger larger-scale SPCX holdings by passive funds, further narrowing the indirect exposure of traditional index investors to Bitcoin assets. According to the latest analysis, TeraWulf Inc. (NASDAQ: $WULF) reported $21 million in high-performance computing (HPC) leasing revenue in Q1 2026, accounting for approximately 62% of its total revenue of $34 million. This marks the first time TeraWulf has surpassed Bitcoin mining revenue—a historic reversal in revenue structure since its transformation into an AI/HPC infrastructure company. This represents a 117% increase compared to the $9.7 million in HPC revenue in Q4 2025. The company currently has AI/HPC leases totaling over 522 megawatts signed with Core42 and Fluidstack, with an expected annualized high-margin revenue of approximately $630 million. Its energy mix consists of nuclear power and hydropower, with an average electricity cost of approximately $0.035/kWh, among the lowest of its peers in the mining industry. The company is also developing a new campus in Kentucky, adding approximately 480 megawatts of grid connection capacity; analysts have significantly raised their target price range, with Keefe Bruyette & Woods from $23 to $37, and Clear...